AutoZone Q1 net income rises 0.6%

SteveGelsi

NEW YORK (CBS.MW) -- AutoZone, Inc.
AZO, +0.36%
on Wednesday reported first-quarter net income of $122.5 million, or $1.52 per share, up 0.6 percent from $121.7 million, or $1.35 per share last year. AutoZone said sales were $1.3 billion, up 0.3 percent. The company was expected to earn $1.44 per share, according to a survey of analysts by Thomson Financial. Shares of AutoZone fell 36 cents to $84.67 on Tuesday.

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